The Ontario Municipal Employees’ Retirement System is selling LifeLabs Inc. in a deal worth roughly $1.35 billion to U.S.-based Quest Diagnostics.

The transaction is expected to close by the end of the year, said a press release. The Canadian laboratory firm will retain its brand, headquarters and management after the deal closes.

“OMERS is proud to have supported LifeLabs’ growth over the last 17 years,” said Michael Hill, executive vice-president and global head of infrastructure at the OMERS, in the release. “Our purchase in 2007 and subsequent investments have helped LifeLabs grow into a great Canadian success story.”

Read: OMERS evaluates sale of LifeLabs, CPPIB sells stake in software company

In other news, the venture capital arm of the Ontario Teachers’ Pension Plan is co-leading Series E fundraising for Japan-based human resources software management platform firm SmartHR Inc.

Teachers’ Venture Growth will jointly lead the US$140 million raise alongside global investment firm KKR & Co. Inc. The funds will be used to accelerate growth with new strategies and talent acquisition, noted a press release.

“As Japanese companies increasingly transform their businesses with digital solutions, SmartHR is well positioned to support a variety of their labor management needs,” said Olivia Steedman, executive managing director and global head at Teachers’ Venture Growth, in the release. “We look forward to working alongside KKR to help accelerate SmartHR’s growth journey while also leveraging our global expertise to find ways to be a value-adding partner.”

Read: AIMCo Realty completes $900 million sale of green bond offerings; Ontario Teachers’ Venture Growth investing in German AI firm